Nigeria takes Major Step to Open Up New Opportunities for Gas Exploration, Market Nigerian President, Bola Tinubu, was recently in Malabo, Equatorial Guinea, on a three-day official visit. During the visit, he signed an agreement with Guinean President Teodoro Obiang Nguema Mbasogo on Gulf of Guinea gas Pipeline Project. Areas covered in the agreement include…
NNPC Boss Urges Military to Sustain Onslaught Against Crude Oil Theft The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism, saying the current onslaught against the menace has yielded improved growth in…
We Have not Fixed Petrol Price’ – Dangote Refutes N600/litre Marketers’ Projection The Dangote Group has debunked report that Premium Motor Spirit (PMS), popularly known as petrol from its refinery, will likely sell for N600/litre. A report by a national daily had said that Independent Petroleum Marketers are hoping that the company’s petrol would sell…
Dangote Refinery Must Be Protected at All Cost. Despite being Africa’s largest oil producer, Nigeria has spent decades importing nearly all of its petroleum products due to the deteriorating state of its government-owned refineries in Kaduna, Port Harcourt, and Warri. These refineries have suffered from years of neglect, mismanagement, and corruption, resulting in the country spending…
NCDMB, UBEC explore Opportunities for Capacity Building, Support for Basic Education The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs of the ever-changing oil and gas industry and…
Seplat Energy Calls for Development of Oil, Gas Assets in Nigeria …Says collaboration with communities is key to growth Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has emphasized the need for prudent management of oil and gas assets to drive growth in…
Nigeria’s Capacity to Increase Oil Production is Within Reach — Minister The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has emphasized that Nigeria’s capacity to boost oil production is within reach. Speaking on Thursday, Lokpobiri expressed optimism that the Federal Government’s target for production increments would be realized through ongoing collaboration between…
Nigeria Grapples with Soaring Inflation as Prices Reach 28-Year High. Nigerians are facing a worsening cost-of-living crisis as inflation reached a staggering 33.95% in May, according to data released by the National Bureau of Statistics (NBS) on Saturday. This marks the 18th consecutive month of rising inflation and the highest rate in 28 years, fueling…
Climate Action: Nigeria’s $25.6 Billion Green Bonds for Economic Resilience. Nigeria is a key player in the global energy space, boasting abundant oil, gas reserves, and coal. In line with the global target for net-zero carbon emissions, the country has committed to achieving carbon neutrality by 2060. As Africa’s leading oil and gas producer, Nigeria is…
Saudi Arabia to Stop Using US Dollar for Oil Sales Saudi Arabia has announced that it will no longer use the US dollar for its oil sales, marking a significant shift in global economic dynamics. Giorgio Torre, Advisor to GCC Governments, disclosed on Thursday that Saudi Arabia will not renew its 50-year petrodollar agreement with…
